Growth of staff appointments falls further… Although permanent placements continued to rise in August, the rate of growth eased further, hitting a 27-month low. …restricted by skill shortages The availability of candidates for permanent roles fell further in August, with the rate of decline accelerating to the sharpest for a year. Salary growth remains strong… Starting salaries for people placed in permanent roles continued to increase in August. The rate…
The Week in Numbers – 14th September 50% – Rise in protection sales reported by LV= in the first half of the year. Total life sales hit £869m, with profits of £12m £8bn – Size of Jupiter’s Merlin fund range. Jupiter’s John Chatfield-Roberts has stepped down as CIO to focus on managing the funds 2.83% – Average interest rate on gross mortgage advances in Q2, the lowest figure on…
The Week in Numbers £40K – Amount lost by Yorsipp member who complained to the Pensions Ombudsman claiming due diligence failures. The complaint was thrown out last week. Up to 30% – Estimated hit to fund flows to pension providers if the Government radically reforms pension tax relief £20m – Level of redress Cash Genie has agreed to pay 92,000 customers following a deal with the FCA Five –…
The Week in Numbers – 30th July 186 – Visits made to Barclays by the FCA during 2014, according to a Freedom of Information request – the most of any British bank 145% – Jump in compensation paid relating to investment advisers in 2014/15, totalling £183m, according to the FSCS annual report £20bn – Savings Chancellor George Osborne is demanding of Government departments over the life of the new…
The Week in Numbers – Week beginning 22nd June £60K – Number of people who have accessed the pensions freedoms since they were introduced in April, Chancellor George Osbourne says £1bn – Amount of money savers have taken from their pension pots since April 4 – Number of providers removed from Intrinsic’s protection panel following a review. The Providers are Cirencester Friendly, LV=, Shepards Friendly and Zurich 3 –…
The Week in Numbers – Week beginning 15th June 10% – proportion of advice firms that disclose charges on their website based on a review of 50 firms by Candid Financial Advice £117m – Record fine imposed against Lloyds banking group for failing to handle PPI compliants properly 1,300 – Number of customers Friends Life wrote to last week to apologise for not being ableto offer full pensions flexibility £1m…
Job Market Report May 2015 Key points from the May survey: Growth of permanent placements eases, but remains marked overall Permanent salary growth remains strong Permanent placements growth eases… …but temp billings rise at faster pace Salary growth cools, but still strong… …as candidate…
The Week in Numbers – 11th June 2015 8.7% – Year on year rise in the number of loans approved in April, from 105,394 to 114,628 according to the Bank of England 193% – Year on year increase in the number of people using an equity release plan to pay off their interest-only mortgage, from 78 in April to 229 this year, Age Partnership says £4.3m – Money lost…
The Week in Numbers – 28/05 0.1% – Fall in the Consumer Prices Index in the year to April compared with no change in the year to March 4,000 – Number of individual advisers Garry Heath aims to recruit for his new trade body, Libertatem, in the first 15 months 4 – Number of Labour MPs that remained on the Treasure select committee following the election. Some industry experts…
The Week in Numbers £15bn – Potential annual cost of maintaining the state pension triple-lock, according to the institute for fiscal studies 47% – Size for the stake in Tenet owned by the enlarged Aviva/Friends Life Group. Money Marketing reveals this week that Aviva is considering selling its stake in the network. 37% – Drop in annuity sales seen by Just Retirement in Q1 56 – number of seats…
